NvidiaNVDA+117.7% over 1yr 2mo
Sacks contextualizes the H20 export ban, noting that memory bandwidth — where the H20 actually exceeds the H100 by 20% — matters more than raw flops in the new AI paradigm, making the chip 'frankly too good' to sell to China; he supports export controls but frames this as a line-drawing question rather than a company-level investment call.
If you look at the memory bandwidth on the H20, it actually has 20% more memory bandwidth than the H100. So I think there's a view that this chip is just frankly too good.” ⚑
Chamath argues Nvidia has been systematically working around US export controls by designing downgraded chips (A800, H800, H20) to keep selling into China, and that roughly 47% of its revenue flows to China-linked entities — implying the company is acting against US national security interests and faces significant regulatory and revenue risk as controls tighten.
I think we can all do the math. About 47% of all of NVIDIA's revenue goes to China and Chinese-related countries. And I think when you peel back this onion, I think what you will find is a whole raft of companies that were stood up to buy t” ⚑